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IPO

Supertech EV Ltd

Supertech EV Ltd IPO

Status: Closed

Overview

IPO date

25 Jun 2025 to 27 Jun 2025

Face value

₹ 10 per share

Price

₹ 87 to ₹92 per share

Issue Size

3,249,600 shares
(aggregating up to ₹ 29.9 Cr)

Allotment Date

30 Jun 2025

Listing at

NSE

Issue type

Book Building - SME

Sector

Automobile

Objectives of Supertech EV Ltd IPO

Supertech EV Ltd IPO Strategy

About Supertech EV Ltd

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T&C*

Strengths vs Risks of Supertech EV Ltd

Know the pros & cons

Strengths

Diversified range of services offered.
Strong Client base.
Experience of our Promoter and core management team.
Quality Assurance.
Cost competitiveness and time bound delivery.

Risks

Its success depends on the company ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose it to new and increased challenges and risks.
Our business is operating under various laws which require us to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and our inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for our business operations could materially and adversely affect our business, prospects, results of operations and financial condition.
We depend on third parties for the supply of raw materials and do not have firm commitments for supply or exclusive arrangements with any of our suppliers. Loss of suppliers may have an adverse effect on our business, results of operations and financial condition.
Pricing pressure from our distributor may adversely affect our gross margin and profitability. Inability to increase our prices, which may have a material adverse effect on our results of operations and financial condition.
We could experience defects, quality issues or disruptions in the supply or increase in prices of components used in our electric vehicles thus increasing material costs and the price of our electric vehicles and impacting our projected manufacturing, delivery timelines and profitability.
Our Company is dependent on few numbers of suppliers for purchase of raw material. Loss of any of this large Suppliers may affect our business operations.
We have entered into related party transactions in the past and may continue to do so in the future.
We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.
Our Company's logo is not registered with the Registrar of Trademark; any infringement of our brand name or failure to get it registered may adversely affect our business.
Inventories and trade receivables form a major part of our current assets. Failure to manage our inventory and trade receivables could have an adverse effect on our net sales, profitability, cash flow and liquidity.
If we are unable to anticipate, identify, understand and respond timely to rapidly evolving technological and market trends and preferences and develop new products to meet customers' demands and to adapt to major changes and shifts in the automotive market, our business may be materially adversely affected.
The objects of the Issue include funding working capital requirements of our Company, which is based on certain assumptions and estimates.
If our electric vehicles contain defects, do not perform as per industry standards and/or fail to meet the performance levels as advertised, our brand and reputation and our ability to develop, market and sell our electric vehicles could be adversely impacted, and we may be compelled to undertake product recalls or similar corrective actions and face legal actions taken against us.
Orders placed by customers may be delayed, modified, cancelled or not fully paid for by our customers, which may have an adverse effect on our business, financial condition and results of operations.
We may not be able to accurately estimate the supply and demand for our electric vehicles leading to either a shortage or excess in inventory, which in turn could prevent us from effectively managing our manufacturing requirements, resulting in additional or low inventory, additional costs, production delays etc. Low demand for our vehicles and low-capacity utilization of our factory may limit our ability to leverage economies of scale.
We may not be able to compete successfully in the highly competitive and fast evolving automotive market.
We depend on our senior management team and other key managerial personnel with technical expertise, and if we are unable to recruit and retain qualified and skilled personnel, our business and our ability to operate or grow our business may be adversely affected.
We currently derive our revenue solely from the sale of electric vehicle scooter models and E-Rickshaw, if our electric vehicle are not well-received by the market, our business could be adversely affected.
We require a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of our business and any failure or delay in obtaining such approvals or renewal of the same in a timely manner may adversely affect our operations.
Significant security breaches in our computer systems and network infrastructure, fraud, systems failures and calamities would adversely impact our business.
We are subject to the risk of failure of, or a material weakness in, our internal control systems.
Our electric vehicles sold in combination with lead batteries and/or lithium-ion cell batteries, and if such batteries catch fire or vent smoke and flames, we could be subject to adverse publicity and our brand, business, financial condition, results of operations and prospects could be harmed. Our electric vehicles sold in combination with lead batteries and/or lithium-ion cell batteries, and if such batteries catch fire or vent smoke and flames, we could be subject to adverse publicity and our brand, business, financial condition, results of operations and prospects could be harmed.
There have been certain instances of non-compliances in respect of ROC filing or payments.
We may be unable to sufficiently obtain, maintain, protect, or enforce our intellectual property and other proprietary rights.
We have contingent liabilities and capital commitments. Our financial condition could be adversely affected if any of these contingent liabilities or capital commitments materialize.
Our Company has not entered into any long-term contracts with our distributors and we typically operate on the basis of orders received on hand. Inability to maintain regular order flow would adversely impact our revenues and profitability.
We may need to seek additional financing in the future to support our growth strategies. Any failure to raise additional financing could have an adverse effect on our business, results of operations, financial condition and cash flows.
Our funding requirements and the proposed deployment of Net Proceeds are based on management estimates and we have not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Offer.
Our Registered Office and factory are located on rental premises. If we are unable to renew these rent agreement or relocate on commercially suitable terms, it may have a material adverse effect on our business, results of operation and financial condition.
If we are unable to manage our growth effectively or if our estimates or assumptions used in developing our strategic plan are inaccurate or we are unable to execute our strategic plan effectively, our business and prospects may be materially and adversely affected.
Our electric vehicles are subject to motor vehicle standards as laid down by the International Centre for Automotive Technology (ICAT), under the aegis of NATRiP (National Automotive Testing and R&D Infrastructure Project), Government of India. and any changes in such standards or failure to satisfy such standards could materially and adversely affect our business and results of operations.
In addition to normal remuneration, other benefits, and reimbursement of expenses of our Directors (including our Promoter) and Key Management Personnel are interested in our Company to the extent of their shareholding and dividend entitlement in our Company.
We have experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect our cash flow requirements, which in turn may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
Under-utilization of our manufacturing capacities and an inability to effectively utilize our existing manufacturing capacities could have an effect on our business, future prospects and future financial performance.
Unsecured loans taken by us can be recalled at any time.
Our inability to respond adequately to increased competition in our business may adversely affect our business, financial condition and results of operations.
Our Promoter and promoter group members are guarantor in the loan facilities obtained by our Company, and any failure or default by our Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations and thereby, impact our business and operations.
Our insurance coverage may not adequately protect us against all losses or the insurance cover may not be available for all the losses as per the insurance policy, which could adversely affect business, results of operations and financial condition.
The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
Certain key performance indicators for certain listed industry peers included in this Draft Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
There is no monitoring agency appointed by Our Company to monitor the utilization of the Issue proceeds.
Our Promoters and Promoter Group will continue to retain significant control in our Company after the Issue which will allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by our major shareholders may adversely affect the trading price of our Equity Shares.
Our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
Our employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements.
We are exposed to the risks of malfunctions or disruptions of information technology systems.
The Issue price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
Certain data mentioned in this Draft Red Herring Prospectus has not been independently verified.
QIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Retail Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.
Any further issuance of Equity Shares by Our Company or sales of Equity Shares by any significant shareholders may adversely affect the trading price of the Equity Shares.
Our ability to pay dividends in the future may be affected by any material adverse effect on our future earnings, financial condition or cash flows.
Our Company has not paid regular dividends till now and there can be no assurance that we will pay dividends in future. Our ability to pay dividends in the future will depend upon a variety of factors such as future earnings, financial condition, cash flows, working capital requirements, and restrictive covenants in our financing arrangements.
Its business is operating under various laws which requires the company to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company business, prospects, results of operations and financial condition.
The Company's logo is not registered with the Registrar of Trademark; any infringement of its brand name or failures to get it registered may adversely affect the company business.
The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect its cash flow requirements, which in turn may adversely affect its ability to operate the company business and implement its growth plans, thereby affecting its financial condition.
The company has a limited 2.10 years of operating history upon which investors may relies in evaluating its business and its prospects.
The company depends on third parties for the supply of raw materials and does not have firm commitments for supply or exclusive arrangements with any of its suppliers. Loss of suppliers may have an adverse effect on its business, results of operations and financial condition.
Case filed by the Commission for Air Quality Management in NCR and adjoining areas against the Company is currently pending, and any adverse decision may materially affect its financial condition, results of operations, and reputation.
Pricing pressure from its distributor may adversely affect the company gross margin and profitability. Inability to increase its prices, which may have a material adverse effect on its results of operations and financial condition.
The company could experience defects, quality issues or disruptions in the supply or increase in prices of components used in its electric vehicles thus increasing material costs and the price of its electric vehicles and impacting the company projected manufacturing, delivery timelines and profitability.
Its Registered Office and manufacturing units/ factories are located on rental premises. If the company is unable to renew such rent agreements or relocate on commercially suitable terms, it may have a material adverse effect on its business, results of operation and financial condition.
Significant security breaches in its computer systems and network infrastructure, fraud, systems failures and calamities would adversely impact its business.
The Company is dependent on few numbers of suppliers for purchase of raw material. Loss of any of this large Suppliers may affect its business operations.
The Company's Application for Registration of its logo A has been opposed; In case of any adverse directions are issued in the matter, and its failures to get it registered may adversely affect its business.
The company has entered into related party transactions in the past and may continue to do so in the future.
The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
The company has taken guarantees & mortgagte from Promoters in relation to debt facilities availed by the Company.
There have been certain instances of non-compliances in respect of ROC filing or payments.
Under-utilization of its manufacturing capacities and an inability to effectively utilize the company's existing manufacturing capacities could have an effect on its business, future prospects and future financial performance.
Its electric vehicles sold in combination with lead batteries and/or lithium-ion cell batteries, and if such batteries catch fire or vent smoke and flames, the company could be subject to adverse publicity and its brand, business, financial condition, results of operations and prospects could be harmed. Its electric vehicles sold in combination with lead batteries and/or lithium-ion cell batteries, and if such batteries catch fire or vent smoke and flames, the company could be subject to adverse publicity and its brand, business, financial condition, results of operations and prospects could be harmed.
The company has contingent liabilities and capital commitments. Its financial condition could be adversely affected if any of these contingent liabilities or capital commitments materialize.
Unsecured loans taken by it can be recalled at any time.
If the company is unable to anticipate, identify, understand and respond timely to rapidly evolving technological and market trends and preferences and develop new products to meet customers' demands and to adapt to major changes and shifts in the automotive market, its business may be materially adversely affected.
Inventories and trade receivables form a major part of its current assets. Failures to manage the company inventory and trade receivables could have an adverse effect on its net sales, profitability, cash flow and liquidity.
The objects of the Issue include funding working capital requirements of the Company, which is based on certain assumptions and estimates.
Its electric vehicles are subject to motor vehicle standards as laid down by the International Centre for Automotive Technology (ICAT), under the aegis of NATRiP (National Automotive Testing and R&D Infrastructure Project), Government of India. and any changes in such standards or failures to satisfy such standards could materially and adversely affect its business and results of operations.
If the company electric vehicles contain defects, does not perform as per industry standards and/or fails to meet the performance levels as advertised, Its brand and reputation and the company ability to develop, market and sell its electric vehicles could be adversely impacted, and its may be compelled to undertake product recalls or similar corrective actions and faces legal actions taken against it.
Orders placed by customers may be delayed, modified, cancelled or not fully paid for by its customers, which may have an adverse effect on its business, financial condition and results of operations.
Its may not be able to accurately estimate the supply and demand for the company electric vehicles leading to either a shortage or excess in inventory, which in turn could prevent it from effectively managing the company manufacturing requirements, resulting in additional or low inventory, additional costs, production delays etc. Low demand for its vehicles and low-capacity utilization of the company factory may limit its ability to leverage economies of scale.
The company depends on its senior management team and other key managerial personnel with technical expertise, and if the company is unable to recruit and retain qualified and skilled personnel, its business and the company ability to operate or grow its business may be adversely affected.
The company currently derive its revenue solely from the sale of electric vehicle scooter models and E-Rickshaw, if its electric vehicle are not well-received by the market, its business could be adversely affected.
The company is subject to the risk of failures of, or a material weakness in, its internal control systems.
Its may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.
The Company has not entered into any long-term contracts with its distributors and the company typically operates on the basis of orders received on hand. Inability to maintain regular order flow would adversely impact its revenues and profitability.
Its may need to seek additional financing in the future to support the company growth strategies. Any failures to raise additional financing could have an adverse effect on its business, results of operations, financial condition and cash flows.
Its may faces some delays in implementation of the company proposed objects.
Its funding requirements and the proposed deployment of Net Proceeds are based on management estimates and the company has not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Offer.
If the company is unable to manage its growth effectively or if the company estimates or assumptions used in developing its strategic plan are inaccurate or the company is unable to execute its strategic plan effectively, its business and prospects may be materially and adversely affected.
In addition to normal remuneration, other benefits, and reimbursement of expenses of its Directors (including its Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
Its inability to respond adequately to increased competition in the company business may adversely affect its business, financial condition and results of operations.
Its Promoter and promoter group members are guarantor in the loan facilities obtained by the Company, and any failures or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations and thereby, impact its business and operations.
Its insurance coverage may not adequately protect the company against all losses or the insurance cover may not be available for all the losses as per the insurance policy, which could adversely affect business, results of operations and financial condition.
The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
Its Promoters and Promoter Group will continue to retain significant control in the Company after the Issue which will allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
Its employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements.
The company is exposed to the risks of malfunctions or disruptions of information technology systems.
The Issue price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
Certain data mentioned in this Red Herring Prospectus has not been independently verified.
QIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Retail Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.
Any further issuance of Equity Shares by the Company or sales of Equity Shares by any significant shareholders may adversely affect the trading price of the Equity Shares.
Its ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
The Company has not paid regular dividends till now and there can be no assurance that the company will pay dividends in future. its ability to pay dividends in the future will depends upon a variety of factors such as future earnings, financial condition, cash flows, working capital requirements, and restrictive covenants in its financing arrangements.

Supertech EV Ltd Peer Comparison

Understand the company’s industry standing

Supertech EV Limited

Delta Autocorp Limited

Face Value

Standalone / Consolidated

Standalone

Total Income Rs. Cr.

7509.6668

83.1815

EPS-Basis

6.82

5.49

EPS-Diluted

---

NAV Per Share

18.55

47.78

P/E-Basic EPS

---

16.08

P/E-Diluted EPS

---

RONW(%)

36.66

11.5

Latest NAV Period

---

Latest NAV

---

How to check the allotment status of Supertech EV Ltd IPO?

Follow the steps

Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).

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The IPO opens on 25 Jun 2025 & closes on 27 Jun 2025.

Supertech EV Limited was originally incorporated as a Private Limited Company under the name of 'Supertech EV Private Limited' on August 12, 2022 with the Registrar of Companies, NCT of Delhi & Haryana. Subsequently, the name of the Company was changed from 'Supertech EV Private Limited' to 'Supertech EV Limited' and a Certificate of Incorporation dated December 21, 2022 issued by the Registrar of Companies, NCT of Delhi & Haryana . As a pioneering force in the Indian electric vehicle (EV) market. Since the Company's inception, it drove the electrification of mobility in India, with the manufacturing facilities in Haryana by the launching of 12 models including 8 variants of EV 2 wheelers and 4 variants of E-Rickshaw, with a distributor base of 445 across India and presence in 19 states. With a diverse portfolio of electric vehicles, including E-Rickshaws and E-Scooters, the Company cater to evolving needs of the Indian automobile market. It rapidly evolved to become a significant player in the market, specializing in the design, development, manufacturing, and distribution of high-quality electric two-wheelers and E-rickshaws. The distribution network grew, enabling the Company to reach new markets and serve a diverse clientele. And hence, the Company focused on delivering user friendly, technologically advanced and affordable electric scooters. Subsequently, on March 31, 2023, the running business of proprietorship concern of the Promoter namely 'Supertech Inc' was taken over by the Company, along with the assets and liabilities of the proprietorship concern as going concern. The Company is proposing to raise money from public by way of IPO of 32,49,600 Equity Shares through Fresh Issue.

Supertech EV Ltd IPO will close on 27 Jun 2025.

Diversified range of services offered.
Strong Client base.
Experience of our Promoter and core management team.
Quality Assurance.
Cost competitiveness and time bound delivery.

S.No	Promoters Name	Pre Issue Shares	Pre Issue Percentage	Post Issue Shares	Post Issue Percentage
1	Yetender Sharma	5275792	57.92	5275792	42.69
2	Jitender Kumar Sharma	2618182	28.74	2618182	5.44
3	Geetanjali Sharma	671956	7.38	671956	21.18
4	Gaurav Aapan	448	---	448	---

Its success depends on the company ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose it to new and increased challenges and risks.
Our business is operating under various laws which require us to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and our inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for our business operations could materially and adversely affect our business, prospects, results of operations and financial condition.
We depend on third parties for the supply of raw materials and do not have firm commitments for supply or exclusive arrangements with any of our suppliers. Loss of suppliers may have an adverse effect on our business, results of operations and financial condition.
Pricing pressure from our distributor may adversely affect our gross margin and profitability. Inability to increase our prices, which may have a material adverse effect on our results of operations and financial condition.
We could experience defects, quality issues or disruptions in the supply or increase in prices of components used in our electric vehicles thus increasing material costs and the price of our electric vehicles and impacting our projected manufacturing, delivery timelines and profitability.
Our Company is dependent on few numbers of suppliers for purchase of raw material. Loss of any of this large Suppliers may affect our business operations.
We have entered into related party transactions in the past and may continue to do so in the future.
We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.
Our Company's logo is not registered with the Registrar of Trademark; any infringement of our brand name or failure to get it registered may adversely affect our business.
Inventories and trade receivables form a major part of our current assets. Failure to manage our inventory and trade receivables could have an adverse effect on our net sales, profitability, cash flow and liquidity.
If we are unable to anticipate, identify, understand and respond timely to rapidly evolving technological and market trends and preferences and develop new products to meet customers' demands and to adapt to major changes and shifts in the automotive market, our business may be materially adversely affected.
The objects of the Issue include funding working capital requirements of our Company, which is based on certain assumptions and estimates.
If our electric vehicles contain defects, do not perform as per industry standards and/or fail to meet the performance levels as advertised, our brand and reputation and our ability to develop, market and sell our electric vehicles could be adversely impacted, and we may be compelled to undertake product recalls or similar corrective actions and face legal actions taken against us.
Orders placed by customers may be delayed, modified, cancelled or not fully paid for by our customers, which may have an adverse effect on our business, financial condition and results of operations.
We may not be able to accurately estimate the supply and demand for our electric vehicles leading to either a shortage or excess in inventory, which in turn could prevent us from effectively managing our manufacturing requirements, resulting in additional or low inventory, additional costs, production delays etc. Low demand for our vehicles and low-capacity utilization of our factory may limit our ability to leverage economies of scale.
We may not be able to compete successfully in the highly competitive and fast evolving automotive market.
We depend on our senior management team and other key managerial personnel with technical expertise, and if we are unable to recruit and retain qualified and skilled personnel, our business and our ability to operate or grow our business may be adversely affected.
We currently derive our revenue solely from the sale of electric vehicle scooter models and E-Rickshaw, if our electric vehicle are not well-received by the market, our business could be adversely affected.
We require a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of our business and any failure or delay in obtaining such approvals or renewal of the same in a timely manner may adversely affect our operations.
Significant security breaches in our computer systems and network infrastructure, fraud, systems failures and calamities would adversely impact our business.
We are subject to the risk of failure of, or a material weakness in, our internal control systems.
Our electric vehicles sold in combination with lead batteries and/or lithium-ion cell batteries, and if such batteries catch fire or vent smoke and flames, we could be subject to adverse publicity and our brand, business, financial condition, results of operations and prospects could be harmed. Our electric vehicles sold in combination with lead batteries and/or lithium-ion cell batteries, and if such batteries catch fire or vent smoke and flames, we could be subject to adverse publicity and our brand, business, financial condition, results of operations and prospects could be harmed.
There have been certain instances of non-compliances in respect of ROC filing or payments.
We may be unable to sufficiently obtain, maintain, protect, or enforce our intellectual property and other proprietary rights.
We have contingent liabilities and capital commitments. Our financial condition could be adversely affected if any of these contingent liabilities or capital commitments materialize.
Our Company has not entered into any long-term contracts with our distributors and we typically operate on the basis of orders received on hand. Inability to maintain regular order flow would adversely impact our revenues and profitability.
We may need to seek additional financing in the future to support our growth strategies. Any failure to raise additional financing could have an adverse effect on our business, results of operations, financial condition and cash flows.
Our funding requirements and the proposed deployment of Net Proceeds are based on management estimates and we have not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Offer.
Our Registered Office and factory are located on rental premises. If we are unable to renew these rent agreement or relocate on commercially suitable terms, it may have a material adverse effect on our business, results of operation and financial condition.
If we are unable to manage our growth effectively or if our estimates or assumptions used in developing our strategic plan are inaccurate or we are unable to execute our strategic plan effectively, our business and prospects may be materially and adversely affected.
Our electric vehicles are subject to motor vehicle standards as laid down by the International Centre for Automotive Technology (ICAT), under the aegis of NATRiP (National Automotive Testing and R&D Infrastructure Project), Government of India. and any changes in such standards or failure to satisfy such standards could materially and adversely affect our business and results of operations.
In addition to normal remuneration, other benefits, and reimbursement of expenses of our Directors (including our Promoter) and Key Management Personnel are interested in our Company to the extent of their shareholding and dividend entitlement in our Company.
We have experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect our cash flow requirements, which in turn may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
Under-utilization of our manufacturing capacities and an inability to effectively utilize our existing manufacturing capacities could have an effect on our business, future prospects and future financial performance.
Unsecured loans taken by us can be recalled at any time.
Our inability to respond adequately to increased competition in our business may adversely affect our business, financial condition and results of operations.
Our Promoter and promoter group members are guarantor in the loan facilities obtained by our Company, and any failure or default by our Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations and thereby, impact our business and operations.
Our insurance coverage may not adequately protect us against all losses or the insurance cover may not be available for all the losses as per the insurance policy, which could adversely affect business, results of operations and financial condition.
The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
Certain key performance indicators for certain listed industry peers included in this Draft Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
There is no monitoring agency appointed by Our Company to monitor the utilization of the Issue proceeds.
Our Promoters and Promoter Group will continue to retain significant control in our Company after the Issue which will allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by our major shareholders may adversely affect the trading price of our Equity Shares.
Our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
Our employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements.
We are exposed to the risks of malfunctions or disruptions of information technology systems.
The Issue price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
Certain data mentioned in this Draft Red Herring Prospectus has not been independently verified.
QIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Retail Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.
Any further issuance of Equity Shares by Our Company or sales of Equity Shares by any significant shareholders may adversely affect the trading price of the Equity Shares.
Our ability to pay dividends in the future may be affected by any material adverse effect on our future earnings, financial condition or cash flows.
Our Company has not paid regular dividends till now and there can be no assurance that we will pay dividends in future. Our ability to pay dividends in the future will depend upon a variety of factors such as future earnings, financial condition, cash flows, working capital requirements, and restrictive covenants in our financing arrangements.
Its business is operating under various laws which requires the company to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company business, prospects, results of operations and financial condition.
The Company's logo is not registered with the Registrar of Trademark; any infringement of its brand name or failures to get it registered may adversely affect the company business.
The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect its cash flow requirements, which in turn may adversely affect its ability to operate the company business and implement its growth plans, thereby affecting its financial condition.
The company has a limited 2.10 years of operating history upon which investors may relies in evaluating its business and its prospects.
The company depends on third parties for the supply of raw materials and does not have firm commitments for supply or exclusive arrangements with any of its suppliers. Loss of suppliers may have an adverse effect on its business, results of operations and financial condition.
Case filed by the Commission for Air Quality Management in NCR and adjoining areas against the Company is currently pending, and any adverse decision may materially affect its financial condition, results of operations, and reputation.
Pricing pressure from its distributor may adversely affect the company gross margin and profitability. Inability to increase its prices, which may have a material adverse effect on its results of operations and financial condition.
The company could experience defects, quality issues or disruptions in the supply or increase in prices of components used in its electric vehicles thus increasing material costs and the price of its electric vehicles and impacting the company projected manufacturing, delivery timelines and profitability.
Its Registered Office and manufacturing units/ factories are located on rental premises. If the company is unable to renew such rent agreements or relocate on commercially suitable terms, it may have a material adverse effect on its business, results of operation and financial condition.
Significant security breaches in its computer systems and network infrastructure, fraud, systems failures and calamities would adversely impact its business.
The Company is dependent on few numbers of suppliers for purchase of raw material. Loss of any of this large Suppliers may affect its business operations.
The Company's Application for Registration of its logo A has been opposed; In case of any adverse directions are issued in the matter, and its failures to get it registered may adversely affect its business.
The company has entered into related party transactions in the past and may continue to do so in the future.
The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
The company has taken guarantees & mortgagte from Promoters in relation to debt facilities availed by the Company.
There have been certain instances of non-compliances in respect of ROC filing or payments.
Under-utilization of its manufacturing capacities and an inability to effectively utilize the company's existing manufacturing capacities could have an effect on its business, future prospects and future financial performance.
Its electric vehicles sold in combination with lead batteries and/or lithium-ion cell batteries, and if such batteries catch fire or vent smoke and flames, the company could be subject to adverse publicity and its brand, business, financial condition, results of operations and prospects could be harmed. Its electric vehicles sold in combination with lead batteries and/or lithium-ion cell batteries, and if such batteries catch fire or vent smoke and flames, the company could be subject to adverse publicity and its brand, business, financial condition, results of operations and prospects could be harmed.
The company has contingent liabilities and capital commitments. Its financial condition could be adversely affected if any of these contingent liabilities or capital commitments materialize.
Unsecured loans taken by it can be recalled at any time.
If the company is unable to anticipate, identify, understand and respond timely to rapidly evolving technological and market trends and preferences and develop new products to meet customers' demands and to adapt to major changes and shifts in the automotive market, its business may be materially adversely affected.
Inventories and trade receivables form a major part of its current assets. Failures to manage the company inventory and trade receivables could have an adverse effect on its net sales, profitability, cash flow and liquidity.
The objects of the Issue include funding working capital requirements of the Company, which is based on certain assumptions and estimates.
Its electric vehicles are subject to motor vehicle standards as laid down by the International Centre for Automotive Technology (ICAT), under the aegis of NATRiP (National Automotive Testing and R&D Infrastructure Project), Government of India. and any changes in such standards or failures to satisfy such standards could materially and adversely affect its business and results of operations.
If the company electric vehicles contain defects, does not perform as per industry standards and/or fails to meet the performance levels as advertised, Its brand and reputation and the company ability to develop, market and sell its electric vehicles could be adversely impacted, and its may be compelled to undertake product recalls or similar corrective actions and faces legal actions taken against it.
Orders placed by customers may be delayed, modified, cancelled or not fully paid for by its customers, which may have an adverse effect on its business, financial condition and results of operations.
Its may not be able to accurately estimate the supply and demand for the company electric vehicles leading to either a shortage or excess in inventory, which in turn could prevent it from effectively managing the company manufacturing requirements, resulting in additional or low inventory, additional costs, production delays etc. Low demand for its vehicles and low-capacity utilization of the company factory may limit its ability to leverage economies of scale.
The company depends on its senior management team and other key managerial personnel with technical expertise, and if the company is unable to recruit and retain qualified and skilled personnel, its business and the company ability to operate or grow its business may be adversely affected.
The company currently derive its revenue solely from the sale of electric vehicle scooter models and E-Rickshaw, if its electric vehicle are not well-received by the market, its business could be adversely affected.
The company is subject to the risk of failures of, or a material weakness in, its internal control systems.
Its may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.
The Company has not entered into any long-term contracts with its distributors and the company typically operates on the basis of orders received on hand. Inability to maintain regular order flow would adversely impact its revenues and profitability.
Its may need to seek additional financing in the future to support the company growth strategies. Any failures to raise additional financing could have an adverse effect on its business, results of operations, financial condition and cash flows.
Its may faces some delays in implementation of the company proposed objects.
Its funding requirements and the proposed deployment of Net Proceeds are based on management estimates and the company has not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Offer.
If the company is unable to manage its growth effectively or if the company estimates or assumptions used in developing its strategic plan are inaccurate or the company is unable to execute its strategic plan effectively, its business and prospects may be materially and adversely affected.
In addition to normal remuneration, other benefits, and reimbursement of expenses of its Directors (including its Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
Its inability to respond adequately to increased competition in the company business may adversely affect its business, financial condition and results of operations.
Its Promoter and promoter group members are guarantor in the loan facilities obtained by the Company, and any failures or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations and thereby, impact its business and operations.
Its insurance coverage may not adequately protect the company against all losses or the insurance cover may not be available for all the losses as per the insurance policy, which could adversely affect business, results of operations and financial condition.
The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
Its Promoters and Promoter Group will continue to retain significant control in the Company after the Issue which will allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
Its employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements.
The company is exposed to the risks of malfunctions or disruptions of information technology systems.
The Issue price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
Certain data mentioned in this Red Herring Prospectus has not been independently verified.
QIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Retail Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.
Any further issuance of Equity Shares by the Company or sales of Equity Shares by any significant shareholders may adversely affect the trading price of the Equity Shares.
Its ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
The Company has not paid regular dividends till now and there can be no assurance that the company will pay dividends in future. its ability to pay dividends in the future will depends upon a variety of factors such as future earnings, financial condition, cash flows, working capital requirements, and restrictive covenants in its financing arrangements.

The Issue type of Supertech EV Ltd is Book Building - SME.

The minimum application for shares of Supertech EV Ltd is 1200.

The total shares issue of Supertech EV Ltd is 3249600.

Initial public issue of upto 32,49,600 equity shares of face value of Rs. 10/- each of Supertech EV Limited ("SEL" or the "Company" or the "Issuer") for cash at a price of Rs. 92 per equity share including a share premium of Rs. 82 per equity share (the "Issue Price") aggregating to Rs. 29.90 crores ("The Issue"), of which 1,63,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 92 per equity share including a share premium of Rs. 82 per equity share aggregating to Rs. 1.50 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The public issue less the market maker reservation portion i.e. net issue of 30,86,400 equity shares of face value of Rs. 10/- each at a issue price of Rs. 92 per equity share including a share premium of Rs. 82 per equity share aggregating to Rs. 28.40 crores is herein after referred to as the "Net Issue". The public issue and the net issue will constitute 26.29% and 24.97% respectively of the post issue paid up equity share capital of the company.

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